The future of the left since 1884

Economic equilibrium

A future Labour government must ensure an equilibrium between creating the conditions for economic growth, running government efficiently and setting sustainable tax rates, argues Ross Campbell.



In the second blog in our online debate series on ‘Public Finance Choices for the Left’, Ross Campbell, ICAEW’s Director of Public Sector, analyses how a future Labour government can ensure the public finances are sustainable in the long run. Here he argues that an equilibrium must be struck between creating the conditions to encourage economic growth, running government efficiently and setting sustainable tax rates, to ensure fiscal sustainability.

There is a significant prospect of a Labour government in the next few years – and of one that is not afraid of challenging the public policy orthodoxies of the recent past. The ‘Public Finance Choices for the Left’ project will explore the public finance dilemmas and options which might face an incoming government, in anticipation that Labour ministers may soon be in power.

Read more about the project here.

Ross Campbell

Ross Campbell is the public sector director at ICAEW where he leads strategy to improve standards in the management of the public finances in the UK and internationally.


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